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Free download in PDF Business Environment Multiple Choice Questions & Answers for competitive exams. These Business Environment Objective Questions with Answers are important for competitive exams like UPSC, SSC, Railway, UGC NET, GATE, IBPS Specialist Recruitment Test etc.
(1)
By which act government checks restrictive trade?
[A]
Industrial Policy Act 1991
[B]
MRTP Act
[C]
FEMA act
[D]
None of these
(2)
In which year WTO was formulated ?
[A]
1995
[B]
1948
[C]
1991
[D]
1988
(3)
What was the predecessor of WTO?
[A]
GAAT
[B]
IMF
[C]
ADB
[D]
None of the above
(4)
GAAT was born in the year--------------
[A]
1948
[B]
1945
[C]
1947
[D]
1950
(5)
Which sector got priority in the 1st five year plan?
[A]
Agriculture
[B]
Industrial
[C]
Infrastructure
[D]
Communication
(6)
From which five year plan ‘growth with social justice’ has received added emphasis?
[A]
5th
[B]
4th
[C]
3rd
[D]
6th
(7)
Who is the President of National Development Council ?
[A]
Finance Minister
[B]
Prime Minister
[C]
Monteng sing Aluvalia
[D]
None
(8)
The intervening period between third and forth Five year plans is regarded as ---
[A]
Plan period
[B]
Plan holidays
[C]
Plan days
[D]
None of these
(9)
Which Govt. introduced the concept of ‘ Rolling Plan’
[A]
Manmohan govt.
[B]
Vajpayee
[C]
Janatha Govt.
[D]
Rao Govt.
(10)
Which policy is concerned with raising revenue through taxation and deciding on the level and
Pattern of expenditure?
[A]
Monetary policy
[B]
Fiscal Policy
[C]
Cash policy
[D]
None of these
(11)
Who is responsible for presenting the Union Budget before the Parliament?
[A]
Prime Minister
[B]
Finance Minister
[C]
RBI Governor
[D]
None of these
(12)
The Planning commission was set up in India in --------
[A]
1950
[B]
1951
[C]
1947
[D]
1952
(13)
---------is concerned with all current expenditure of the Govt. on administration
[A]
Revenue expenditure
[B]
Capital expenditure
[C]
Total Expenditure
[D]
None
Answer: Revenue expenditure
(14)
Privatization of ownership through sale of equity share is called
[A]
Denationalization
[B]
Disinvestment
[C]
Contracting
[D]
None of these
(15)
Which among these is monopolistic trade practice?
[A]
Unreasonably limiting competition
[B]
Manufacturing only one product
[C]
Limiting technical Development
[D]
Selling only one product
Answer: Manufacturing only one product
(16)
Which committee recommended the enactment of Competition Act
[A]
High level Committee on competition policy and Law
[B]
A Committee on Law and Order
[C]
A Central Committee for Research and Policy
[D]
None of these.
Answer: High level Committee on competition policy and Law
(17)
Who is concerned with the auditing of the receipts and expenditure of the State and Central Govt.
[A]
Accountant General
[B]
Comptroller and Auditor General
[C]
Reserve Bank of India
[D]
None of the above
Answer: Comptroller and Auditor General
(18)
----------is the rate at which the central bank discounts or rediscounts the eligible bills.
[A]
Credit rate
[B]
Bank rate
[C]
Bill rate
[D]
Deposit rate
(19)
Which among these can be condition for the success of privatization?
[A]
Alternative institutional arrangements
[B]
Barriers to enter the market
[C]
Measurability of performance
[D]
All of the above
Answer: Barriers to enter the market
(20)
The pre-liberalization era of Indian Economy was under the grip of
[A]
Unemployment
[B]
Under-employment
[C]
Fiscal Deficit
[D]
Unfavorable and alarming balance of payment
Answer: Unfavorable and alarming balance of payment
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